• AUD/USD pierced 50% Fib of 0.7534-0.8077 again overnight, can't hold
  
  
• Long lower wick on today's candle, suggests bulls put up a fight
  
  
• Bears frustrated pre-RBA (>75% chance of cut priced), resistance at ~0.7850 & 0.7875/80
  
  
• If bears break 0.7800 next support 0.7740/65 (61.8 Fib, 21&55-DMAs, cloud base)
  
  
• Daily RSI unwinds good part of oversold conditions from last week
  
  
• If no cut April high in play